Global Bus Market to Surpass $ 52 Billion by 2022

According to TechSci Research report, “Global Bus Market By Application, By Length, By Seating
Capacity, By Fuel Type, By Body Type, By Region, Competition Forecast &
Opportunities, 2012 – 2022”, global bus market
is projected to cross $ 52 billion by the end of 2022. Backed by rising sales
of buses across the globe, growing population and increasing inclination of
people towards public transportation systems, demand for buses is expected to
grow at a rapid pace during forecast period. Moreover, growing presence of companies
such as Daimler AG, Volvo and Tata Motors and their continued research &
development efforts to manufacture technologically advanced buses is
anticipated to boost the global bus market during the next five years.

Asia-Pacific dominated the global bus market in
2016 and the same trend is anticipated during the next five years as well,
owing to increasing demand for transportation from growing population and worsening
traffic congestion scenario. Moreover, growing penetration of Chinese players
such as Xiamen Golden Dragon Bus Co. Bus Co., Zhengzhou
Yutong Bus Co. Ltd., Bus Co., Ltd., Xiamen King Long United Automotive Industry Co. Ltd., Anhui Ankai Automobile Co., Ltd., etc., on a global
level is anticipated to positively influence the global bus market during
forecast period

“Increasing population and urbanization is compelling
governments of various countries to enhance their public transportation system.
Moreover, growing government initiatives to support the adoption of emission-free
electric buses in comparison to conventional diesel buses would support the
growth of global bus market in the future years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.

“Global Bus Market By Application, By Length,
By Seating Capacity, By Fuel Type, By Body Type, By Region, Competition
Forecast & Opportunities, 2012 – 2022” has analyzed
the potential of bus market across the globe, and provides statistics and
information on market size, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyzes emerging trends along with essential drivers and key challenges
faced by the industry.

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